Page 4 - Road Transport

Road, transport sector has maximum number of delayed projects: Govt report

The road transport and highways sector has the maximum number of delayed projects at 243, followed by railways at 114 and the petroleum sector at 89, showed a government report. In the road transport and highways sector, 243 out of 826 projects are delayed. In railways, out of 173 projects, 114 are delayed, while in petroleum sector, 89 out of 142 projects are delayed, as per the latest flash report on infrastructure projects for October 2022. The Infrastructure and Project Monitoring Division (IPMD) is mandated to monitor central sector infrastructure projects costing Rs 150 crore and above based on the information provided on the Online Computerised Monitoring System (OCMS) by the project implementing agencies. The IPMD comes under the Ministry of Statistics and Programme Implementation. The report showed that the Muneerabad-Mahaboobnagar rail project is the most-delayed project. It is delayed by 276 months. The second-most delayed project is the Udhampur-Srinagar-Baramulla rail

Bharat Highways InvIT to raise Rs 3,000-crore through rupee-term loans

To retire debt of seven road projects that it will acquire

Road transport, highways sector has maximum number of delayed projects

The road transport and highways sector has the maximum number of delayed projects at 300, followed by railways at 119 and petroleum sector at 90, showed a government report. In the road transport and highways sector, 300 out of 825 projects are delayed. In railways, out of 173 projects, 119 are delayed, while for petroleum, 90 out of 142 projects are delayed, as per the latest flash report on infrastructure projects for June 2022. The Infrastructure and Project Monitoring Division (IPMD) is mandated to monitor central sector infrastructure projects costing Rs 150 crore and above based on the information provided on the Online Computerised Monitoring System (OCMS) by the project implementing agencies. IPMD comes under the Ministry of Statistics and Programme Implementation. The report showed that a 500 MW Prototype Fast Breeder Reactor being constructed by Bharatiya Nabhikiya Vidyut Nigam Ltd (BHAVINI) is the most delayed project. It is delayed by 168 months. The second most delaye

Nitin Gadkari wants retail investors to pip institutions in NHAI InvIT

Next InvIT issuance will have higher reservation for retail investors, says MoRTH Secretary Upadhyaya

September sees revival in national highway construction: Govt data

The ministry had constructed 10,237 kms in 2019-20, 13,327 kms in 2020-21, and 10,457 kms in 2021-22

NHAI InvIT looks to raise additional Rs 3,800 cr: Minister Nitin Gadkari

National Highways Infra Trust (NHAI InvIT) is looking to raise additional Rs 3,800 crore, Road Transport and Highways Minister Nitin Gadkari said on Thursday. Addressing an event organised by National Highways Infra Trust, Gadkari said that of the additional fundraise, around Rs 1,500 crores are being garnered through an issue of non-convertible debentures (NCDs) with a long-dated maturity of 24 years. These InvIT bonds will be listed on BSE and NSE providing an opportunity for investors to invest and trade, he added. NHAI InvIT is the infrastructure investment trust sponsored by the National Highway Authority of India (NHAI) to support the government's National Monetisation Pipeline (NMP). Gadkari said that the InvIT, so far, has raised more than Rs 8,000 crore from foreign and Indian institutional investors.Infrastructure Investment Trusts (InvITs) are instruments on the pattern of mutual funds, designed to pool money from investors and invest in assets that will provide cash flo

Punjab transport dept sees 45% jump in revenue during 2022-23 fiscal

The Punjab transport department on Monday said its revenue in the first six months of this fiscal is 45 per cent more than that of the corresponding period of the last financial year. In a statement issued here, Transport Minister Laljit Singh Bhullar said the three wings of the department -- State Transport Commissioner, Pepsu Road Transport Corporation and Punjab Roadways -- earned Rs 1,957.64 crore from April to September in this fiscal. This is 45.07 per cent higher than the same period of the previous financial year, he said. Revenue of Rs 1,349.43 crore was collected in the corresponding period of the last fiscal. He said the increase in revenue was witnessed because of the concerted efforts of the Bhagwant Mann government to crackdown against tax evaders and operators plying buses without permits.

Two sweeping reforms likely in debt-ridden NHAI's HAM framework

Authority plans to slash developer upfront payment, reduce timeline for financial closure

Nitin Gadkari invites US bizmen to invest in Indian highway projects

The minister recently announced that the NHAI InvIT will soon be open to retail investors, and will assure them a minimum return of 7-8 per cent.

Mistry death: Experts call for better enforcement of seat belt regulations

To begin with, seat belts for rear passengers should be enforced at least on national highways when one is travelling at 70 kmph and above, say safety experts

Faulty project reports responsible for road accidents, says Gadkari

Union minister Nitin Gadkari on Monday attributed some of the road accidents to faulty project reports and stressed that companies need proper training for preparing detailed project reports for construction of highways and other roads. The Road Transport and Highways minister said that the government is encouraging use of new technologies. "Some DPRs (Detailed Project Reports) prepared by companies are worst and are responsible for road accidents," Gadkari, who is known for his frank views said at an event here. He underlined the need for organising training programme for companies preparing DPRs. "Shuruwat wahan se karo. Agar woh sudhrenege nahi, toh poora tumhara satyanash ho jayega (Beginning should be made from DPR. If the companies preparing DPRs do not improve, the problem will reoccur)," he said. In a lighter vein, the minister said even a new Mercedes car in the hands of a unskilled driver can create problems. Gadkari emphasised on identifying reasons for delay in the ro

Firms preparing highway plan reports have to take govt training: Ministry

Nitin Gadkari recently blamed poor planning as a major reason for road accidents in country

Road ministry standardises process for issuing international driving permit

Under the Convention on International Road Traffic of 1949 (Geneva Convention), India is required to issue IDP for the acceptance of the same in other countries

What is an e-way bill?

Commercial vehicles that transporting goods worth more than Rs 50,000 within a state or between states, need to carry a document called e-way bill. What is this bill and what purpose does it serve?

Govt wants to introduce skybuses on select stretches of Delhi and Haryana

Union road transport and highways minister Nitin Gadkari on Monday said that he wants to introduce skybuses on select stretches of Delhi and Haryana to reduce traffic and pollution. Gadkari further said that climate agenda is the highest priority for the government as economic growth with pollution is not a good strategy. "I want to start skybuses (mass transit service) from Dhaula Kuan to Manesar and later extend it to Sohna to reduce traffic and pollution," he said, without providing more details. The minister was addressing an event organised by Boston Consulting Group (BCG). Gadkari said his dream is to reduce import of fossil fuels in India to zero. The minister said the government's priority is to make green hydrogen from water. Gadkari emphasised on the need to encourage use of ethanol for transportation purpose as it is economically cheaper, pollution-free and indigenous. "Ethanol is going to increase agriculture growth in the country as we will manufacture ethanol from

NCRTC shifting barricades on Delhi-Meerut Road to facilitate 'Kanwar Yatra'

NRCTC has started shifting its barricades on the Delhi-Meerut Road to facilitate the movement of devotees during the 'Kanwar Yatra' who take this route to Haridwar, officials said Saturday.

Railways stakes claim for coal transport planning, fix 'big mismatch'

Coal freight is railways' biggest source of revenue, earning it Rs 67,000 crore in 2021-22

Gadkari seeks environment ministry's approval to build wider hill roads

Accidents can be avoided in Kashmir, Himachal Pradesh, Uttarakhand, says union minister

Sikkim road, rail connectivity projects to be completed by 2023: Minister

Capital road and rail connectivity projects of Sikkim will be completed by 2023, Union Minister for Development Of North Eastern Region (DoNER) G Kishan Reddy said. Addressing the 47th Statehood Day of Sikkim Celebrations in New Delhi on Thursday, Reddy assured of every possible support from the central government to the state. The Centre and state governments in the North East will work in tandem to ensure the overall development of the region, he said. "Sikkim received its first airport at Pakyong in 2018...the Capital road and rail connectivity projects will be completed by 2023," he said. Hailing Sikkim for being the first state in world to record 100 per cent organic farming, the minister said it was the perfect example to show that development and environment sustainability can go hand in hand. This was the first occasion where Sikkim's statehood day was celebrated at a national level ever since it officially became an Indian state on May 16, 1975. The function, which was .

MSRTC merger ruled out, agitating staffers asked to join work by March 30

A section of the Maharashtra State Road Transport Corporation (MSRTC) employees have been on strike since October last year, demanding that the undertaking be merged with the state government